Dignity Health Signs Agreement to Acquire US Healthworks Medical Group With Over 140 Facilities in the US

Dignity Health was formerly know as Catholic Healthcare West. Regulatory approval is still needed. With the purchase this expands Dignity into more of a national healthcare company and they also plan to expand the number of facilities. Occupational healthcare has been a primary focus as well as some urgent care centers. Goldman Sachs was the financial advisor for the deal. US Healthworks will continue to operate as a separate subsidiary.

From the website:

”Based in Valencia, California, U.S. HealthWorks Medical Group was founded in 1995. With 140+ medical centers in 15 states, with 2,000 employees including approximately 350 affiliated physicians – U.S. HealthWorks centers serve thousands of patients each day throughout the country. We help employers control work-related injury costs through quality medical care and effective management of claims and lost work time, while specializing in early return-to-work, injury prevention and wellness programs”

The last time Dignity was in the major news it related to the big lawsuit for sexual harassment. BD

California Physician Assistant Awarded $168M - Sexual Harassment Suit In Sacramento Against Dignity Healthcare–Formerly Catholic Healthcare West

San Francisco-based Dignity Health said today that it has signed a definitive agreement to acquire U.S. HealthWorks, which bills itself

as the largest independent operator of occupational medicine and urgent care centers in the United States.

The deal is subject to regulatory approvals and is expected to be finalized in August. Financial terms were not disclosed.

Based in Valencia, U.S. HealthWorks is a portfolio company of Altaris Capital Partners and Three Arch Partners. It operates 172 sites nationwide, employing 2,700.

http://www.sacbee.com/2012/07/02/4605614/dignity-health-to-buy-firm-led.html